AptarGroup Inc (ATR)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 284,487 | 239,288 | 244,097 | 214,040 | 242,202 |
| Total stockholders’ equity | US$ in thousands | 2,306,820 | 2,053,940 | 1,969,410 | 1,850,390 | 1,571,920 |
| ROE | 12.33% | 11.65% | 12.39% | 11.57% | 15.41% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $284,487K ÷ $2,306,820K
= 12.33%
Aptargroup Inc.'s return on equity (ROE) has ranged from 11.57% to 15.41% over the past five years, indicating the company's ability to generate profit from shareholders' equity. The ROE slightly fluctuated during this period, with the highest value of 15.41% in 2019 and the lowest of 11.57% in 2020.
The average ROE over the five-year period is 12.87%, showing that, on average, Aptargroup has been able to generate a return of approximately 12.87% for every dollar of shareholders' equity. This suggests that the company has been effectively utilizing its equity to generate profits for its shareholders.
Overall, the ROE trend appears to be relatively stable, indicating consistent profitability and effective management of the company's assets and liabilities. Investors and stakeholders may view this consistent performance positively as it demonstrates the company's ability to generate returns on the capital invested by shareholders.
Peer comparison
Dec 31, 2023